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Financial terrorism (also known as economic terrorism) most commonly refers to the secret manipulation of a nation's economy by state or non-state actors. [2] However, economic terrorism may also be unconcealed, arguably in the name of economic sanctions. [3] Economic terrorism targets civilians of nations or groups in the pursuit of political ...
The economics of terrorism is a branch of economics dedicated to the study of terrorism.It involves using the tools of economic analysis to analyse issues related to terrorism, such as the link between education, poverty and terrorism, the effect of macroeconomic conditions on the frequency and quality of terrorism, the economic costs of terrorism, and the economics of counter-terrorism. [1]
[4] [5] A simple definition proposed to the United Nations Commission on Crime Prevention and Criminal Justice (CCPCJ) by terrorism studies scholar Alex P. Schmid in 1992, based on the already internationally accepted definition of war crimes, as "peacetime equivalents of war crimes", [6] was not accepted. [7] [8]
In 1992, terrorism studies scholar Alex P. Schmid proposed a simple definition to the United Nations Commission on Crime Prevention and Criminal Justice (CCPCJ) as "peacetime equivalents of war crimes", but it was not accepted. [35] [36] In 2006, it was estimated that there were over 109 different definitions of terrorism. [37]
The former head of counter-terrorism policing in the UK has branded the government’s proposal to extend the definition of terrorism to encompass atrocities carried out by lone attackers like the ...
There have been three peaks in the economic impact of terrorism since the year 2000 and they are linked to the three major waves of terrorism. The first large increase in the economic impact of terrorism happened in 2001, when the attacks of September 11 in New York City and Washington, D.C., took place. The second peak was in 2007 at the ...
As financial crime has become more complex and financial intelligence is more important in combating international crime and terrorism, money laundering has become a prominent political, economic, and legal debate. Most countries implement some anti-money-laundering measures.
Economic sanctions or embargoes are commercial and financial penalties applied by states or institutions against states, groups, or individuals. [ 1 ] [ 2 ] Economic sanctions are a form of coercion that attempts to get an actor to change its behavior through disruption in economic exchange.